Bill Gates, Mark Zuckerberg and Multi-Billion Clean Energy Fund

Multi-Billionaires Meet Up to Discuss the Project for Clean and Renewable Energies

Its so great to hear that someone like Bill Gates or Mark Zuckerberg care about the environment and global issue, and that they invest into the clean energy sources, involving 21 countries. Here is the video of Bill Gates announcing his multi-million dollar clean energy fund, and down below the video there is a curated article.

“We need to bring the cost premium for being clean down,” Gates said Monday in an interview with CNN’s New Day. “You need the innovation so that the cost of clean is lower than the coal based energy generation.”

Lowering the cost of clean energy to make it competitive with fossil fuels is the best way to get poor countries to make the switch without sacrificing economic growth, Gates said. Clean energy can make air conditioning, refrigerators, stoves and fertilizer more affordable for poor people.

“All these things that enable to modern lifestyle are very energy intensive,” he said, noting that five years from now, “I see the price of energy actually being lower than today, and that’s for clean energy.”

The new Gates fund will be fed by a group that spans more than two dozen public and private entities — including national governments, billionaire philanthropists, investment fund managers and tech CEOs.

“The renewable technologies we have today, like wind and solar, have made a lot of progress and could be one path to a zero-carbon energy future. But given the scale of the challenge, we need to be exploring many different paths — and that means we also need to invent new approaches,” Gates said in a statement.

“It would help millions more people escape poverty and become more self-sufficient,” Gates wrote. “And it would stabilize energy prices, which will have an even bigger impact on the global economy as more people come to rely on energy in their daily lives.”